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South Korean crypto tax delay thwarted

1.10.2021
The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern

South Korean Regulators Deserting Jobs for Posts in Crypto, Fintech and Finance

30.9.2021
e workplaces of the gods” in South Korea. But in recent times, many have been turning their backs on such posts, and are heeding the calls of headhunter agencies who have gone in search of their expertise.The media outlet said that “this year alone,” at least 28 individuals have moved away fr

More Crypto Regulation May Be on its Way in South Korea, Japan

29.9.2021
strengthen the monitoring of crypto exchanges” to ensure that they return customer deposits in a timely manner and follow other regulatory protocols.Koh was speaking to reporters after meeting with the heads of eight policy and financial institutions at Seoul, where he discussed crypto a

29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

28.9.2021
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto...

Crypto in Chaos, but Blockchain-powered Pay and Stablecoins Thrive in S Korea

27.9.2021
based pay and fiat KRW-pegged stablecoins.The Korea Minting and Security Printing Corporation (KOMSCO) is a firm that until relatively recently made its money from cash: the company prints banknotes and mints coins for the treasury.But in recent years, it has moved away from paper and

ETH developer pleads guilty for conspiracy to violate sanctions laws

27.9.2021
The plea deal ends a nearly two-year legal battle between Griffith and U.S. prosecutors tied to a presentation the developer gave in Pyongyang

Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report

27.9.2021
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty...

Ethereum Scientist Pleads Guilty, Bitcoin Leads Institutional Investments Again + More news

27.9.2021
vade US sanctions just before he was to go to trial today, Bloomberg reported. Griffith is scheduled to be s

South Korean Taxman to Be Granted Right to Search Crypto Tax Evaders’ Homes

25.9.2021
oins could be liquidated – and bailiffs could be sent to search their houses.Crypto is not yet taxable in South Korea, but as of January 1, 2022, all crypto profits above USD 2,100 will need to be declared, and traders will be

10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline

24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...

Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets

24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

21.9.2021
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce...

Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines

21.9.2021
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four...

Law Decoded: US as anatomical theater of crypto regulation, Sept. 13–20

20.9.2021
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

18.9.2021
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges...